Analyse du multiplicateur monétaire en zone CEMAC

Ngomba Bodi, Francis Ghislain and Onomo, Julie (2018): Analyse du multiplicateur monétaire en zone CEMAC.

Abstract

The originality of this paper is to provide the first analysis of the money multiplier in CEMAC zone. The money and its evolution is connected to the macroeconomic, monetary and financial situation. We have found that the money supply and the monetary base are linked in the long run in all the countries except in the Central African Republic, which indicates a certain stability of the monetary multiplier. Given these results, the monetary multiplier is still relevant for the ECCAS subregion, particularly as regards the determination of the sub-regional limit of intervention.

• Item Type: MPRA Paper
• English Title: Money multiplier analysis in CEMAC subregion
• Language: French
• Keywords: money multiplier; monetary base; money supply; stationarity; cointegration; multiplier forecasting; relative contributions to monetary growth
• Subjects: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E40 - General; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E41 - Demand for Money; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E47 - Forecasting and Simulation: Models and Applications; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E51 - Money Supply ; Credit ; Money Multipliers; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy

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